The government announced yesterday afternoon that it has officially requested financial assistance from EU rescue funds (EFSF/ESM). The announcement hints that talks for a Russian loan might have failed or are being delayed while the ...
According to findings of the Credit Information Specialist CMA covering the first quarter or 2012, Cyprus is now ranking as the number one nation in the list of countries who might not be able to pay their debts in the next five years.
According to an article in today’s issue of Politis newspaper there will be an additional increase in the price of electricity because of yesterdays blackout.
Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.
During the past 12 months Cyprus faced the second largest increase in its unemployment rate compared to the rest of European Union. Statistics made public yesterday by Eurostat indicate that the unemployment rate in Cyprus ...
A euro fine per day per 100 euro owed.
According the statistical data made public yesterday by Eurostat, unemployment in Cyprus has reached a record breaking rate of 8.2% in October (an increase of 0.3% from September). The change is a result of the ...